U.S. Adds Chinese Art and Antiques to Proposed 25 Percent Tariff List

  • May 23, 2019 16:25

  • Email
Imperial Red Lacquer 'Nine Dragon Throne,' Qianlong period (1736-1795), from a private Asian collection, that sold at Christie's London this month for £6.1m (US$7.8m), 6.5 times its estimate.
Christie's

As the Trump administration escalates its trade war with China, Chinese art and antiques could be subjected to a 25% import tax along with $200-billion worth of Chinese-made goods in a new 194-page tariff list.

Last August, arts industry representatives in Washington successfully removed Chinese art and antiques from the list of items subject to a 10% import tax, arguing that the tariff would damage the trade by raising prices of such collectibles within the U.S., while strengthening the market inside China.

The threat has now re-emerged with Chinese-made art supplies, artifacts, paintings, drawings, sculpture and antiques, including those "exceeding 100 years" in age, facing steep levies of now 25%, regardless of their point of origin.

Notes Antiques Trade Gazettea lawyer for the art trade who successfully argued against the tax last summer, Peter Tompa, will be back on the case when the US International Trade Commission has a hearing in Washington, DC, on June 17. Tompa is now encouraging the art and antiques community "to get energized to oppose tariffs on art again," with public comments against the import tax on cultural items.

Read more at Gazette


  • Email

More News Feed Headlines

Albert Bierstadt, (1830-1902) Niagara, 1869.  Oil on paper laid down on canvas, 19 x 27 in.  (48.26 x 68.58 cm.) Joseph E.  Temple Fund, 2015.18

ARTFIXdaily Closed for Independence Day - Enjoy Landscapes of the Early American Republic at PAFA, Moon-centric Momentos at Christie's

  • ArtfixDaily / July 1st, 2019

ARTFIXdaily will be closed and subscriber e-newsletter service will resume July 15. Happy Independence Day! ...

Read More...
(Detail) Caravaggio, Judith Beheading Holofernes (circa 1607).

'Lost' Caravaggio Valued at $170M Sells Prior to Auction

  • Los Angeles Times / June 26th, 2019

A recently attributed Caravaggio painting of Judith decapitating Assyrian general Holofernes sold privately ...

Read More...
Gloria Vanderbilt in a 1959 acting role on The United States Steel Hour.

Gloria Vanderbilt, Iconic Designer and Artist, Remembered

  • NPR / June 17th, 2019

Artist, fashion designer, actress, writer, model and philanthropist Gloria Vanderbilt died on Monday at age 95. ...

Read More...
Tobias Meyer, a former principal auctioneer at Sotheby's, selling Edvard Munch's The Scream for $119.9 million in May 2012.

Sotheby's Sold For $3.7 Billion to French Telecom Entrepreneur

  • New York Times / June 17th, 2019

French-Israeli telecommunications entrepreneur Patrick Drahi purchased Sotheby's in a $3.7 billion deal. Announced on ...

Read More...

ARTFIXdaily Artwire